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Singapore Ministry of Trade & Industry
Press Release

Source:  http://www.mti.gov.sg

Singapore And Vietnam Conclude Bilateral Market Access Negotiations On Vietnam's Accession To The WTO


Singapore and Vietnam concluded bilateral market access negotiations in the context of the accession of Vietnam to the World Trade Organisation (WTO). The negotiations were held in Hanoi on 24 25 November 2004.

The conclusion of the market access negotiations between both countries will help facilitate access of Singapore companies into the Vietnamese market, further enhancing the strong economic and trade linkages between the two countries. In 2003, Vietnam was Singapore's 17th largest trading partner, with bilateral trade reaching S$5.98 billion.

Vietnam applied for WTO membership in 1995, and has been conducting bilateral market access talks with interested WTO members. The conclusion of bilateral talks between Singapore and Vietnam is a demonstration of Singapore's firm support for Vietnam's efforts to join the WTO.

26 NOVEMBER 2004



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